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For Sale: Coin Laundry - Stockton, Central Valley

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Current Status: Active     Posting #: 241675     Last Refreshed: 6/12/18     BRE License #: 01212731    
Contact: Jeffrey Ota At 415-272-5061  -  Also Email This Contact Below
Price:  $195,000     Down:  $120,000     Adjusted Net:  $40,681     Revenue:  $110,301    
Business Address:  None Given     City:  Stockton     Zip:  None Given    
Attributes:  Training & Support     Cooperation With Brokers?  No

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  Description About This Posting: Coin Laundry
BBB #:1500
Asking Price: $195,000
Location: Stockton, San Joaquin County, California
Monthly Averaged Revenues in 2018: $11,467 (Estimated)
Monthly Averaged Revenues in 2017: $9,191 (Estimated)
Monthly Averaged Cash Flow in 2018: $5,137 (Estimated)
Monthly Averaged Cash Flow in 2017: $3,390 (Estimated)
Monthly Rent: $1,549/m

LISTING DESCRIPTION:
This coin laundry is located in a big shopping center, which provides coin op laundry as well as drop off business. Seller CAN finance $75,000 to qualified buyer with down payment at $120,000. The term is 5 years with 6% interest. Please see Gross and Cash Flow in both 2017 & 2018. The income and cash flow are increasing Still!!

GENERAL INFORMATION:
Organization: LLC | Square Footage: 2,000 sf | Parking: Many Parking Lots |
Days Open/Hours: 7 Days, 8am - 9pm | Established Business: 10 yrs | Current Owner: 1 & 1/2 yrs | Reason to sell: Retirement |

FINANCIAL STATEMENT:
Monthly Averaged Revenues in 2018: $11,467 (Established)
Monthly Averaged Cash Flow in 2018: $5,137 (Established)
Proportion of the income: Coin Op makes 66% & Drop Off makes 33%.

LEASE INFORMATION:
Monthly Rent: $1,549 - $150 Credits to Seller from Landlord per month & $250 Credits to Seller from Landlord per quarter | Lease Expiration: 2023 |
Option/Extension: 5 years |

MACHINE INFORMATION:
6, Wascomat - Junior W620 - $3
2, Wascomat - Senior W640 - $5,50
2, Wascomat - Giant W655 - $6,50
1, Wascomat - Triple W125 - $5
3, Maytag - Neptune - $2
2, Speed Queen - T/L - $1,75
2, Whirlpool - T/L - $1,75
2, Huebsch - Front Loader Originators 25 - $3
1, Wascomat - Big Single Dryer
7, Speed Queen - Stack Dryer
5, Wascomat - Stack Dryer
1, Computer for Customers
1, Game Machine
1, Seaca - Coin Changer
1, ATM Machine
1, Soap Vending Machine
1, Snack & Soda Vending Machine
1, TV
1, Surveillance Camera Recording System

To get more information about this Coin Laundry business for sale in Stockton, Central Valley please phone Jeffrey Ota (Agent - BRE License #:01212731) at 415-272-5061 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #241675 on BizBen.com. In addition to phoning Jeffrey Ota, make sure you email Jeffrey Ota above to get more info about this Coin Laundry, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

  Related Links And Information Regarding This Posting
Notes
My Posting Notes


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